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—DAILY BEE file photo<br>Intermountain Community Bancorp, which operates Panhandle State Bank and is headquartered in Sandpoint, announced the purchase of a southern Idaho banking company.

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Panhandle State buys southern Idaho banks
July 27, 2004 9 p.m.

Panhandle State buys southern Idaho banks

Sandpoint — Intermountain Community Bancorp and Snake River Bancorp, Inc. have announced a merger between the two companies in a cash and stock deal currently valued at $17.1 million.